What is OKPD2 code in SAP FI - Financial Accounting?

SAP Term: OKPD2 code

• Component: FI

• Component Name: Financial Accounting

• Description: In Russia, a number that classifies fixed assets based on the associated economic activity for the purpose of taxation and statutory reporting.

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• Key Concepts: 
  OKPD2 code is a classification system used by the Russian government to classify goods and services. It is used in the Financial Accounting (FI) component of SAP to classify and track expenses. The OKPD2 code is a hierarchical system that consists of 8 levels, each with its own unique code. 
  
  How to use it: 
  In SAP, the OKPD2 code is used to classify expenses in the FI component. When entering an expense, the user must select the appropriate OKPD2 code from the list of codes provided. This will ensure that the expense is properly classified and tracked in SAP. 
  
  Tips & Tricks: 
  When selecting an OKPD2 code, it is important to select the most specific code possible. This will ensure that the expense is accurately classified and tracked in SAP. 
  
  Related Information: 
  The OKPD2 code is based on the Russian Classification of Products and Services (OKPD). The OKPD2 code is an updated version of the OKPD that was released in 2017.